The USS Yorktown sunk after being hit by a torpedo fired by a Japanese submarine during the Battle of Midway in June 1942.
The revival of the multibillion-dollar effort, known as the Integrated Undersea Surveillance System (IUSS), comes as China has ramped up military exercises around Taiwan.
As part of the deal, the Marine Corps will purchase 44 Iron Dome launchers and 1,840 Tamir interceptors.
The US has sent the amphibious warship USS Bataan to the region as well as part of the force deployment necessary to deter Iran.
The USS Zumwalt is the lead ship of the Zumwalt class of naval vessels. She has been described as the largest destroyer in the world.
The warning shows tensions remain high in and around the Strait of Hormuz, where Iran seized tankers in late April and early May.
US-China relations have been tense for years over a range of national security and trade issues.
Dubbed Intrinsic Defender, the two-week joint drill is centered on boosting operational readiness and navy-to-navy cooperation.
Iran’s continued use of illegal actions also shows how it is willing to conduct destabilizing activities even as its diplomats work toward diplomatic goals with the Gulf states.
The US Navy had monitored the situation and decided not to make any further response, US 5th Fleet spokesperson Commander Tim Hawkins said.
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